Sandstorm Gold (TSE:SSL) Stock Price Down 2.1% – Should You Sell?

Sandstorm Gold Ltd. (TSE:SSL)’s share price dropped 2.1% during trading on Wednesday . The stock traded as low as C$15.00 and last traded at C$16.15. Approximately 842,727 shares traded hands during trading, an increase of 16% from the average daily volume of 726,460 shares. The stock had previously closed at C$16.50.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Sandstorm Gold from C$18.50 to C$22.00 in a research report on Thursday, October 2nd. CIBC raised their price target on Sandstorm Gold from C$16.50 to C$21.50 in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$15.75.

Sandstorm Gold Trading Down 2.1%

The company has a fifty day simple moving average of C$16.21 and a two-hundred day simple moving average of C$15.17. The company has a market capitalization of C$4.73 billion, a P/E ratio of 134.58, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17.

Sandstorm Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, October 7th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.5%. Sandstorm Gold’s dividend payout ratio is presently 47.57%.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.